BABA - goes Bye-Bye - my plans to play

BABA is seeing some wrath of the CCP.
It's a clear COVID winner like AMZN, but since the failed IPO of Ants Financial from Jack Ma's less-than-flattering speech on the eve of the biggest IPO ever, CCP pulled the plug on the parade.
Last night, there was a crash of BABA's price in HK market, then the US market followed.

My plans are to wait for the price to come down to test today's low ($211.50) perhaps a few times before starting to go into the gap as we get closer to the earnings.
Maybe the sentiment may change in China after the Lunar New Year...?

#tradeidea
- wait for the price to test the lows
- sell credit put spreads
- When in the gap, buy calls if the sentiment in China has changed.